The EIA national on-highway diesel weekly average held at $5.639 per gallon for the week ending May 11, essentially unchanged from $5.640 the prior week, according to EIA data. The flat read suggests last week's 29-cent jump has settled rather than continued climbing, but the underlying volatility tied to U.S.-Iran talks and Hormuz traffic remains in the market.
Operator takeaway
If your fuel surcharge clause is indexed to a published EIA benchmark, the math handled itself this week. If it is not, you absorbed last week's 29 cents and are not getting it back. Re-index now.